VAT

Image for marstons says tax cut should stay aid recovery

Tax | Marston's says tax cut should stay to aid recovery

Pub group Marston’s has joined industry peers and is calling on the government to make the Covid-19 VAT tax relief permanent to help the hospitality sector bounce back after the pandemic

29 Jul 2021

Tax | HMRC clarifies penalty scheme for deferred VAT

HMRC has confirmed that the penalty regime for non-payment of VAT due to the deferred VAT scheme introduced at the start of the pandemic is now in place

28 Jul 2021

Tax | Q&A: VAT liability and childcare centres

In our regular Q&A series, Croner Taxwise senior VAT adviser Vivienne Scott considers the VAT exemption rules on childcare centres

27 Jul 2021

Image for scottish tycoon jailed ps300k tax fraud

Tax | Scottish tycoon jailed for £300k tax fraud

A Scottish business tycoon was sentenced to 16 months in prison after stealing nearly £300,000 from HMRC in fraudulent VAT claim repayments

22 Jul 2021

Image for tribunal rules against newsagent over ps140k tax dispute

Tax | Tribunal rules against newsagent over £140k tax dispute

The Upper Tribunal ruled in favour of HMRC against a corner shop owner who had undeclared £140,000 worth of VAT on sales

21 Jul 2021

Image for bad debt relief and vat compliance

Tax | Bad debt relief and VAT compliance

Sarah Kay, tax writer at Croner-i, reviews the new scheme for claiming bad debt relief on VAT declarations and highlights why the ‘old’ scheme continues to be considered by the courts

21 Jul 2021

Tax | UK businesses owe HMRC £2.7bn after VAT holiday

HMRC is still owed £2.7bn in deferred VAT payments from over 150,000 UK businesses who have not yet made arrangements to pay it back

20 Jul 2021

Tax | Rank Group wins £80m VAT return case

The First Tier Tribunal ruled against HMRC and in favour of Rank Group plc on its claim to be refunded an estimated £80m of VAT paid on slot machine income between 2006 and 2013

15 Jul 2021

Image for bookkeeper jailed ps21m vat fraud

Tax | Bookkeeper jailed for £2.1m VAT fraud

A Croydon fraudster who funded a jetset lifestyle with fraudulent VAT repayment claims has been sentenced to seven years in prison

8 Jul 2021

Called to Account

Image for director sentenced over ps33m fraudulent vat reclaim

Tax | Director sentenced over £3.3m fraudulent VAT reclaim

A company director has been sentenced to eight months’ imprisonment, suspended for 12 months, and has been disqualified as a director for four years over a £3.3m fraudulent VAT reclaim

7 Jul 2021

Restructuring & Insolvency

Called to Account

Image for drivers support vat cut electric cars

Tax | Drivers support VAT cut for electric cars

Two thirds of drivers say that scrapping VAT from the purchase price would be the most influential policy to help drivers buy an electric vehicle, finds a survey by motoring organisation AA

6 Jul 2021

Personal Tax

Image for qa vat and eu import one stop shop ioss

Tax | Q&A: VAT and the EU Import One Stop Shop (IOSS)

In our regular Q&A series, Croner Taxwise VAT advisor Arti Sonpal explains the compliance issues for exporters including the EU’s Import One Stop Shop (IOSS) scheme

6 Jul 2021

Tax Compliance

Image for income tax bill uk taxpayers doubles two decades

Tax | Income tax bill for UK taxpayers doubles in two decades

Annual income tax paid by the British public has doubled over the last 20 years paying £93bn in 1999 to 2000 rising to £187bn in 2018 to 2019

2 Jul 2021

Tax | Restaurateurs banned over £500k tax bill

Three restaurateur brothers have been banned after under-reporting their restaurant’s earnings, building up a tax bill of over £500,000

2 Jul 2021

Business Tax

Restructuring & Insolvency

Called to Account

Tax | VAT updates: July 2021

In this month’s VAT updates, Graham Elliott, explains the latest policy clarification on zero rating for foods, mixed messages over supply of electricity at charging points for electric cars and Poundland win over retail scheme dispute

1 Jul 2021